Storefront Suite with Private
New
For Sale
Contact for pricing
502 Main Street, Laporte City, IA 50651
The layout includes two enclosed offices and a private restroom for a range of storefront or office uses.
Property Size4,794 SF
Price / SF$0.82
Days on Market4
Property Features for 502 Main Street
General Information
Standard status
Active
Size
4,794 SF
Property subtype
Commercial
Zoning
c
Lease Type
Gross
Lease Term
Yearly Renewal
Taxes and HOA fees
Annual Taxes
$1,630
Amenities
Corner Lot,City Street
0.08
4794
Building Details
Building Size
4,794 SF
Year Built
1880
Listing Agency:
Realty87
(319) 393-0900
Listed By:
Z Maryland
(319) 431-0382
Source:
Pinnaclerealtyia
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 8:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty87
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 853-square-foot storefront suite contains two private offices and a private bathroom. The building dates to 1880, and the space is identified with zoning designation C. Its configuration can accommodate storefront, office, or practice uses.
The property occupies a corner lot on Main Street in La Porte City, Iowa, with access from a city street.
The property occupies a corner lot on Main Street in La Porte City, Iowa, with access from a city street.
Key Highlights
- 853‑square‑foot storefront suite
- Two private offices and a private bathroom
- Located on a corner lot along Main Street in La Porte City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,463
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,260
$169.3K
Cap Rate 7%
$120,900
$120.9K
Cap Rate 9%
$94,033
$94.0K
Market Conditions
NOI Build-Up for 853 SF
Gross rent
$13.2K $15.48/SF
− Vacancy
−$1.1K −$1.31/SF
EGI
$12.1K $14.17/SF
− OpEx
−$3.6K −$4.25/SF
NOI
$8.5K $9.92/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,260
Cap Rate 7%
$120,900
Cap Rate 9%
$94,033
Alternative Uses
Best Use
Retail
$120.9K
$105.8K – $141.1K
NOI $8,463 @ 7.0% cap · market cap 1,209.00%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.07M
$935.6K – $1.25M
NOI $74,851 @ 7.0% cap · market cap 10,693.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50651, IA
3,579
Population
1,650
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
96%
High-School Grad
114.5 sq mi
ZIP Area
31
Density / Sq Mi
$79,647
Median Household Income
$50,306
Median Earnings
$838
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Petals of Hope by Patty — 316 Main St, La Porte City, IA 50651
Frequently Asked Questions
What type of property is this?
Storefront property - The layout includes two enclosed offices and a private restroom for a range of storefront or office uses.
Where is this storefront property located?
The property is located at 502 Main Street Laporte City, IA.
What are key features of this property?
This property features: 853‑square‑foot storefront suite; Two private offices and a private bathroom; Located on a corner lot along Main Street in La Porte City
